European Asset Management Giant Amundi Launches $100 Million Tokenized Fund on Ethereum and Stellr

Odaily News European asset management giant Amundi has announced the launch of a $100 million tokenized fund, the Spiko Amundi Overnight Swap Fund (SAFO), on the Ethereum and Stellr blockchains. The fund is specifically designed for institutional capital and collateral management, providing overnight liquidity through collateralized yield swaps with major bank counterparties. Its subscription and redemption processes support mainstream fiat currencies such as the Euro, US Dollar, British Pound, and Swiss Franc. (News.bitcoin)